Updated Sep 9, 2024
Gary Kasabyan & David Tovmasyan Acquire Industrial Property In Sun Valley For $4.2M
7400 San Fernando Road
$4,200,000
$406/SF
Building Size
10,324 SF
Asset Type
Industrial
Closing
Dec 30, 2022
About this deal
AI
The industrial property located at 7400 San Fernando Road in Sun Valley has been sold for $4,200,000. The property spans a total of 10,324 square feet, resulting in a price per square foot of $407. The transaction took place on 12/30/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 7400 San Fernando Road
- Market: Sun Valley
- Square Footage: 10,324
- Price per Square Foot: $407
The buyers of the property are Gary Kasabyan and David Tovmasyan. The seller of the property is Randall Parks. Blas Fernandez from Blas Property Group represented Gary Kasabyan and David Tovmasyan as their buyer's representative.
On the Map
$4,200,000
$406/SF
Industrial
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Players
Sun Valley Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93